Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago on . Most recent reply

User Stats

13
Posts
3
Votes
Albert Smolinski
  • Alexandria, VA
3
Votes |
13
Posts

Setting renting prices

Albert Smolinski
  • Alexandria, VA
Posted

I'm extremely new to real estate. My question is when you buy a property,  what criteria do you look for when setting  rent price?

Most Popular Reply

User Stats

901
Posts
272
Votes
Aaron T.
  • Developer
  • Aguada, PR
272
Votes |
901
Posts
Aaron T.
  • Developer
  • Aguada, PR
Replied

Albert, you will want to look at similar properties in your area. then look at condition compared to each. you can also take an average of price per sqft for rent and get a ball park as well when comparing places.

location will also play a roll. a house a couple blocks over may be on the other side of a busy street and effect the rent value.

so look at craigslist, Zillow, rentometer, etc to get you in the ballpark. you can also call property management companies and get an assessment on what they think of your property. you may want to hire them and take the PM off your hands.

  • Aaron T.
  • Loading replies...